by Angie | Jul 11, 2022 | Taxes
Did you know you in lieu of your signature you can get a PIN number to file your taxes? By doing this, you don’t have to worry about a thief filing a tax return using your name and social security number. This program is called the IRS Identity Protection PIN, or IP...
by Angie | Jun 24, 2022 | Accounting
Bookkeeping is a foundation for accounting. Bookkeeping is the recording of income and expenses for a business. Accounting takes a subjective look at that data to see what it means for your business. Accounting creates financial reports and statements with the...
by Angie | Jun 7, 2022 | 1040, Dependent, Taxes
The finish line is finally here…. Line 29 is for the American Opportunity Credit. This is an education credit that can be taken for students in college. It helps reduce the amount of taxes owed or may even increase your refund. You will need to fill out Form 8863,...
by Angie | May 27, 2022 | Additional, Taxes
Line 23 refers to Schedule 2, which is a list of other possible taxes owed that are not listed directly on the 1040. Examples of other possible taxes are self-employment taxes, household employment taxes or if you received excess advance premium tax credit and need to...
by Angie | May 12, 2022 | Schedule 3, Taxes
Line 20 refers to Schedule 3 which is to be filled out if you have additional credits that aren’t listed directly on the 1040, such as adoption credits and residential energy credits. Part I lists nonrefundable credits, credits that reduce the amount of taxes owed,...
